EddieJayonCrypto
28 Jan 25
Lawmakers in South Dakota and Kentucky plan to introduce legislation to establish a Bitcoin reserve. South Dakota Representative Logan Manhart will propose a bill to create a strategic Bitcoin reserve, while Kentucky Representative TJ Roberts aims to do the same. This follows similar moves in other ...
Kentucky and South Dakota lawmakers are gearing up to propose legislation to establish a Bitcoin reserve, joining several other states in introducing Bitcoin-related laws ahead of the federal government. South Dakota Representative Logan Manhart and Kentucky Representative TJ Roberts will each introduce bills to create a strategic Bitcoin reserve in their respective states. This comes as part of a growing trend, with the potential to increase the total number of states with Bitcoin reserve legislation to 14. This push emphasizes enacting strategic Bitcoin reserve legislation into law, aiming to proactively shape a stronger, more resilient financial future for all Americans.
The momentum for state investments in Bitcoin has been building, with Arizona, Pennsylvania, Texas, Ohio, New Hampshire, and North Dakota also making strides in this direction. Senator Wendy Rogers and Representative Jeff Weninger successfully advanced a Bitcoin reserve bill in Arizona, marking a significant milestone in this movement. Should Kentucky and South Dakota lawmakers follow through with their plans, the number of states with Bitcoin reserve legislation in the US will see a substantial increase, bringing this vision one step closer to fruition.